Dessi, Roberta; Zhao, Xiaojian - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014
America than in Japan. The pattern is reversed for shame, which appears to play a more important role among Japanese than … initiative and investment in new activities. Overconfidence and high sensitivity to shame emerge as substitute mechanisms to … shame, and a "Japanese" equilibrium with high sensitivity to shame and no overconfidence. The analysis identifies the costs …